Sei price jumps as token buying pressure builds

Traders Union
All News
Crypto
Sei surges 10.63% today on upgrade

Highlights

Sei completed testnet deployment of its Giga upgrade, aiming to boost decentralized trading scalability through parallelized processing and consensus improvements.
Mainnet launch of Giga is expected within two quarters, subject to security audits and governance approval.
SEI/USD trades with short-term bullish momentum but faces resistance near $0.0583, with a baseline expectation of sideways movement in the $0.0555–$0.0609 range and risk of a near-term pullback due to mixed momentum signals.

Mainnet launch timeline and parallelization aims drive upgrade optimism

Sei has completed the testnet deployment of its Giga upgrade. Mainnet activation is expected within the next two quarters, pending security audits and community governance approval. The Giga upgrade is designed to introduce parallelized transaction processing and consensus optimizations to further enhance the network's scalability for decentralized trading.

Anton Kharitonov, expert at Traders Union, views the recent SEI rebound as fragile. He points out that price remains stuck below the key 50- and 200-day moving averages, suggesting persistent weakness. The Giga upgrade news gives only a short-term lift, while technicals reveal mixed momentum and an overbought Stochastic RSI. Kharitonov warns that the main trend is still downward. "Despite the upgrade narrative, I believe SEI faces strong headwinds unless it reclaims $0.0583 with conviction."

Viktoras Karapetjanc, expert at Traders Union, sees the SEI testnet milestone as a solid base for upside potential. He emphasizes that the Giga upgrade positions the network for greater institutional adoption and DeFi growth. Karapetjanc finds it encouraging that buyers have controlled intraday momentum, which may indicate renewed confidence. The market structure offers multiple entry setups for proactive traders. "With the mainnet upgrade on the horizon, I expect further growth and maintain a constructive outlook for SEI."

Jainam Mehta, market strategist, notes that SEI is showing short-term bullishness but remains in a broader macro downtrend. Mehta sees mixed signals in momentum indicators and believes this could set up a tactical range-trade. He suggests contrarian opportunities could emerge if price breaks above $0.0583 or fails $0.0555. "If SEI volatility persists, I recommend watching for breakout trades above resistance or fade attempts below support."

Mixed momentum dampens rally as resistance and overbought signals align

SEI/USD is trading above its 20-day moving average at $0.0522, but remains below the 50-day and 200-day levels at $0.0597 and $0.0777, respectively. This setup points to short-term bullish momentum within a broader downtrend. Near-term resistance is seen at $0.0583 (Ichimoku Kijun) and support at $0.0565. Momentum indicators are mixed: MACD shows strong selling, while ADX indicates a weak trend. The RSI stands neutral at 49.48, the Stochastic RSI is overbought, and the CCI is neutral. Bull/Bear Power (BBP) is slightly positive, suggesting buyers are controlling intraday momentum. The Stochastic RSI's overbought reading signals risk of a near-term pullback. The Awesome Oscillator is neutral. SEI/USD has gained $0.0056 or 10.63% today, with an opening upside gap around 5.32%. The price is trading near session highs, and intraday volatility is 6.40%. The intraday tone is strong toward the upper end of the day's range, although divergent momentum readings contrast with the daily rally.

Earlier, analysts noted that Sei was showing signs of renewed short-term optimism following progress on its Giga upgrade, while broader downside risks remained. The latest price action suggests divergent momentum with mixed indicator signals, making a sustained break above $0.0583 an important threshold for shifting the prevailing bias away from current rangebound conditions.

Source of Data: SEI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.